Posts Tagged ‘Dow’

Bears Attack Another Layer of Support

1:30pm (EST) We knew the open was going to be ugly as Wall Street dealt with the possibility of a Japanese nuclear crisis and a slowdown in their economy.  Futures were pointing towards losses of 2+% with a test to the lower levels.  As we mentioned in this morning’s update  thoseRead more

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MomentumOptionsTrading.com Weekly Wrap for 3/13/11

10:45pm (EST) 1.  Market Summary 2.  General Dynamics (GD) – A Knight in Shining Armor     3.  Comcast (CMCSA) – A Value Trap?           4.  Earnings  5.  Weekly Wrap Portfolio Update  6.  Week Ahead = = = = = = = = = = = = = = =   ToRead more

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Financials Show Strength, Can They be Trusted?

8:30am (EST) The bulls had a fine outing on Tuesday on the strength of lower oil prices and a rebound in the Financial stocks.  Trading was flat for the first 30 minutes as the bears tried to push the market lower but with oil hovering below $105, the bulls saw an opening and made aRead more

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Headline News Favoring Bears

12:55pm (EST) The bulls are having trouble extending Monday’s gains as most of the news today has been disappointing and not up to expectations.  Futures were pointing towards a lower open after Procter & Gamble (PG, $59.62, down $2.44) and Dow Chemical (DOW, $25.75, down $2.58) both missed Wall Street’sRead more

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MomentumOptionsTrading.com Weekly Wrap for 12/20/09

10:40pm (EST) The bulls were looking for a big push higher in the market on Friday and although they ended the day in positive territory, it wasn’t enough to take the win away from the bears for the week.  The Dow ended at 10,328, up 20 for the session butRead more

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Monday's Mid-Day Update

1:00pm (EST) The market has traded in the negative all morning following the continued turmoil in the Chinese market.  Futures were weak all morning after the Shanghai Composite plunged nearly 7%, as investors dealt with liquidity concerns and an anticipated slowdown in lending. China has suggested they would cut back on bankRead more

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Apple Option Strangle Update

Apple (AAPL, $91.07, down $6.00) is below $100 and is tanking along with the rest of the market. The Dow is down 454 points to 9,871 and is below 10,000 for the first time in four years. I’ve been mentioning over and over that the market could be headed lowerRead more

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Market Takes a Step Back

Market Up Then Down After Fed Cut

You could almost predict what was going to happen in the market today.  After a strong morning rally which carried the Dow past the all important 13,000 plateau, the market sold off after the Fed announced a quarter-point rate cut.  The Dow was up 178 points and briefly traded aboveRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.